Investor Presentaiton

THIRD QUARTER 2023 EARNINGS RELEASE Lucid, A Leader in EV Technologies, Defines a New Generation of EVs 1 Established & Widely Recognized Technology Innovative, validated, and race-proven technologies continue to outpace peers and provide competitive differentiation 2 Established In-House Technology Design & Manufacturing In-house manufacturing of Lucid vehicles & powertrain technology in Arizona; AMP-2 in Saudi Arabia 3 In-House Sales & Service Network Superior and differentiated retail and ownership experience cultivates consumer satisfaction and loyalty 4 Diversified Revenue Stream Opportunities Signed deals for technology supply & licensing, emissions credit revenue, & software revenue, with further potential opportunities 5 Differentiated Systems Approach to Development Tight integration of in-house developed hardware & software results in a truly software-defined vehicle enabling differentiated capabilities LUCID GROUP, INC. 6 Technology Vertical Integration LUCID Our world-class EV powertrain is only possible because we design, develop, & manufacture our technology in-house 7 EV Market Opportunity Large, long-term EV market opportunity with low penetration relative to ICE vehicles 8 Strategic Partners 9 The PIF has invested ~$5.4 billion into Lucid since 2018, including a $1.8 billion investment in Q2 2023; the government of Saudi Arabia agreed to purchase up to 100,000 vehicles over a ten-year period Product With No Compromise The Lucid Air offers no compromise between performance, efficiency, range, charging speed, & interior space 10 Proven Leadership Experience Management team with track record of helping to bring disruptive products to market, including Tesla Model S & Apple iPhone 6

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